USD 12.5 billion
Automotive Catalyst Market Size, Share, Growth Analysis, By Product Type (Two-way catalytic converter, Three-way catalytic converters), By Engine Type (Diesel, Gasoline), By Type (Platinum, Palladium), By Sales Channel, By Vehicle Type, By Region - Industry Forecast 2025-2032.
Report ID:
SQMIG25A2141 |
Region:
Global |
Published Date: November, 2024
Pages:
157
|Tables:
116
|Figures:
77
Automotive Catalyst Market Insights
Automotive Catalyst Market size was valued at USD 12.8 Billion in 2023 and is poised to grow from USD 13.5 Billion in 2024 to USD 19.94 Billion by 2032, growing at a CAGR of 5.5% during the forecast period (2025-2032).
Automotive catalyst is used in the exhaust system of vehicles to control the emission of harmful gases, such as hydrocarbons, carbon oxides, nitrogen oxides, and other particulate matter, into the atmosphere. It helps convert harmful gases into less toxic gases such as nitrogen and carbon dioxide. Platinum, palladium, rhodium, and other rare and expensive metals are used as catalysts in automobiles, which increases the cost of the automotive catalyst. However, manufacturers are inclined towards adopting nanotechnology to enable them use expensive metals efficiently. The governments of developed countries have established emission control standards to control release of pollutant from vehicles into the atmosphere. For instance, Euro 6, European emission standards is a European government initiative for emission control in the European region.
Factors such as emission control regulations by government and increase in the production of automobiles fuel the growth of the automotive catalyst market. Automobile manufacturers produce vehicles with emission control technologies to meet the stringent regulations set by the government. However, rise in penetration, and production of electric vehicles hinders the growth of the automotive catalyst market. In addition, high cost of precious metals such as platinum, palladium, and rhodium used in automotive catalyst restrains the growth of the market. Furthermore, government initiatives regarding emission control in developing nations and innovation in emission technologies for fuel efficiency are anticipated to provide remarkable future growth opportunities to the automotive catalyst market.
US Automotive Catalyst Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Light-Duty Vehicle
Fastest Growth
Light-Duty Vehicle
Growth Rate
5.5% CAGR
Global Automotive Catalyst Market ($ Bn)
Country Share for Aisa Pacific Region (%)
Country Share for Europe Region (%)
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Automotive Catalyst Market Segmental Analysis
Global Automotive Catalyst Market is segmented by Product Type, Engine Type, Type, Sales Channel, Vehicle Type and region. Based on Product Type, the market is segmented into Two-way catalytic converter, Three-way catalytic converters, Diesel oxidation catalyst. Based on Engine Type, the market is segmented into Diesel, Gasoline, Others. Based on Type, the market is segmented into Platinum, Palladium Rhodium, and Others. Based on Sales Channel, the market is segmented into OEM, Aftermarket. Based on Vehicle Type, the market is segmented into Passenger Vehicles, Light-Duty Vehicles, Heavy-Duty Vehicles. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Automotive Catalyst Market Analysis by Product Type
Among the product type segments, three-way catalytic converters had the largest revenue share in the global market in 2021 and is expected to grow at the fastest rate during the forecast period. This is due to its growing popularity and preference over two-way catalytic converters due to the additional benefit of controlling nitrogen dioxide (NO2) and nitric oxide (NO) emissions, which two-way catalytic converters cannot do. Increasing nitrogen dioxide and nitric oxide emissions have previously resulted in acid rain, a major environmental concern. This, combined with effective emission reduction using three-way catalytic converters, is propelling revenue growth in this segment.
The diesel oxidation catalyst segment had the second-largest revenue share in the global market in 2021 and is expected to grow at a significantly high rate during the forecast period. This is due to increased demand for diesel-powered vehicles in countries around the world, as well as increased demand for diesel oxidation catalysts to reduce emissions from diesel-powered vehicles.
Automotive Catalyst Market Analysis by Raw Material
Among the raw material segments, rhodium held the largest revenue share in the global market in 2021 and is expected to grow at the fastest rate during the forecast period. The high revenue share contributed by the rhodium segment is due to properties such as higher activity towards nitrogen removal from exhaust emissions when compared to other metals, more effective oxidation of carbon monoxide and hydrocarbons, and lower cost when compared to other metals such as platinum, which results in rhodium being preferred by major automotive catalyst manufacturers.
In 2021, the palladium segment accounted for the second-largest revenue share in the global market, and it is expected to grow at a significantly high and consistent rate during the forecast period. This is due to product characteristics such as cost-effectiveness in comparison to other metals, good thermal stability, and the efficiency of this metal for hydrocarbon oxidation, which drives revenue growth in this segment.
Global Automotive Catalyst Market By Application
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Automotive Catalyst Market Regional Insights
Asia Pacific dominated the global automotive catalyst market. Increasing regulations pertaining emission control limits implemented by China's State Environmental Protection Administration (SEPA) to curb vehicular pollution is anticipated to boost the demand for automotive catalyst in Asia Pacific. Moreover, these regulations will limit the use of increased PGMs in the coating of an automotive catalyst substrate. This, in turn, is likely to make auto catalyst expensive in the coming years and, therefore, increase market revenue share.
Europe was the second-largest contributor to the production of automobiles. The country accounted for an output of 22 million motor vehicles. Europe automotive catalyst market is likely to register second-highest CAGR. The implementation of Euro VI and VII guidelines is expected to boost the demand for automotive catalyst in the region.
North America is expected to experience slow growth in terms of volume due to the increasing average life of vehicles. This can be attributed to the growing efficiency and durability of automotive catalyst, which helps them last through the lifecycle of the vehicle. However, the prices of automotive catalyst in North America are considerably high, which, in turn, is likely to contribute to the market value of automotive catalyst in the region. The demand for HDVs is expected to be growing in countries such as India, Brazil, China, South Korea, and Russia. Heavy-duty vehicles are mostly diesel-powered and emit harmful exhaust gases in comparison to light-duty vehicles. The higher content of platinum PGM used in automotive catalyst for HDVs is expected to increase the price of autocatalyst catering to this segment.
Global Automotive Catalyst Market By Region
- Largest
- Fastest
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Automotive Catalyst Market Dynamics
Automotive Catalyst Market Drivers
- Rise in per capita GDP and disposable income of the global population has led to an increase in the number of vehicles in use. Rapid increase in the rate of motorization is boosting the demand for automotive components. Auto catalysts have become a vital part of vehicles to minimize emissions.
- Auto catalysts were designed to last for the entire lifespan of vehicles, but as the automotive technologies have developed, lifespan of vehicles has increased, which creates the need for replacement of auto catalysts after a specific period. Moreover, the number of accidents is increasing, which further fuels the demand for replacement auto catalysts. This increase in demand from OEMs and aftermarket segments is propelling the global auto catalyst market.
Automotive Catalyst Market Restraint
- Prices of precious metals are rising worldwide, which in turn boosts the price of catalysts. Platinum is widely used precious metal in automotive catalysts due to its efficiency and corrosion-resistance in oxygen-excessive conditions. This rise in price hampers the demand for auto catalysts. Furthermore, an increase in the rate of adoption of battery electric vehicles is also restraining the global the automotive catalyst market, as these vehicles do not have engines and hence produce zero emissions.
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Automotive Catalyst Market Competitive Landscape
Global Automotive Catalyst Market is highly competitive with the presence of several international and local players across the globe. Product diversification, advancement, merger & acquisition and quality enhancing are the leading key strategies opting through prominent market players
Automotive Catalyst Market Top Player’s Company Profiles
- BASF SE (Germany)
- Johnson Matthey (UK)
- Umicore (Belgium)
- Tenneco Inc. (US)
- Clariant (Switzerland)
- CDTi Advanced Materials Inc. (US)
- Cummins Inc. (US)
- DCL International Inc. (Canada)
- Ecocat India Pvt Ltd (India)
- N.E. CHEMCAT Corporation (Japan)
- Klarius Products Ltd (UK)
- Corning Incorporated (US)
- NGK Insulators, Ltd. (Japan)
- Honeywell International Inc. (US)
- IBIDEN Co., Ltd. (Japan)
- Sinocat Environmental Technology Co., Ltd. (China)
- Tosoh Corporation (Japan)
- Shandong Sinocera Functional Material Co., Ltd. (China)
- Faurecia (France)
- Cataler Corporation (Japan)
Automotive Catalyst Market Recent Developments
- In July 2021, BASF SE announced the acquisition of Zodiac Enterprises LLC in Caldwell, Texas of United States. With this acquisition, the company expanded its chemical catalyst recycling capacity and capability. Moreover, the site recycles precious metals from industrial scrap, primarily chemical catalysts. Furthermore, this investment allows the company to meet the increased customer demand for recycling spent chemical and automotive catalysts.
- In May 2021, BASF SE announced the plan to expand the project at its Platinum Group Metals (PGM) refining facility in Seneca, South Carolina, United States to boost the site’s refining capacity for recycled precious metals from spent catalysts, which will further strengthen the company presence in the spent automotive catalyst recycling market, globally.
Automotive Catalyst Key Market Trends
- The key players of the automotive catalyst market are investing in the improvement and development of catalysts. A three-way catalyst can reduce the emitted pollutant from vehicle at 100% conversion efficiency at its operational temperature, typically above 400C, which is much higher. Johnson Matthey Inc., a leading automotive catalyst producer is working on the development of three-way catalyst for future vehicle, which improves the fuel efficiency and reduces CO2 emission substantially at lower operating temperature. This innovation in automotive catalysts is anticipated to provide future growth opportunity to the automotive catalyst market.
Automotive Catalyst Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, global automotive catalyst market is witnessing a healthy growth during the forecast period owing to high growth in technologies. The dominant business players in the market have formed a high level of value chain integration and are involved in raw material production, product manufacturing, and supply activities. A large number of companies are investing in R&D activities for developing better and innovative products to withstand the growing competition. Companies are also trying to expand their product portfolio by focusing on developing newer products with superior properties to meet the growing industry demands. Moreover, players in the market are focusing on increasing their product portfolio to suit customer needs to gain a competitive advantage in various regional markets.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 12.8 Billion |
| Market size value in 2032 | USD 19.94 Billion |
| Growth Rate | 5.5% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Catalyst Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Catalyst Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Catalyst Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Catalyst Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Catalyst Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Catalyst Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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